JAITLEY APPROVES 20 CASES OF FOREIGN TECHNOLOGY COLLABORATION

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Shri Arun Jaitley, Minister of Commerce & Industry and Law & Justice has approved 20 cases of foreign technology collaboration/franchise agreements based on the recommendations of the Project Approval Board (PAB).

The PAB in its meeting held on 20.10.2003 under the Chairmanship of Shri Rajeeva Ratna Shah, Secretary, Department of Industrial Policy & Promotion, had recommended these cases for approval.

The approved proposals include technical collaboration agreement between M/s EMA India Ltd. with M/s Eldec Schwenk Induction GmbH, Germany for manufacturing high frequency transistorised IGBT/MOSFET frequency convertors; technical agreement between M/s Cummins India Ltd. and Cummins Inc., U.S.A. for manufacture of internal combustion Piston engine. The
proposal for Trademark agreement of M/s Robert Bosch India Ltd. with M/s Robert Bosch GmbH, Germany for fuel injection systems for petrol engines; technology agreement of M/s ABB Ltd. with M/s ABB Technology Ltd., Switzerland for manufacture of instrument transformers; technology agreement of M/s Samurai Entertainment Pvt. Ltd. with M/s IMAX Corporation, Canada for setting up of three large format theatres were also included in the list of approved cases.

The Licensing Committee (LC), in its meeting held on 20.10.2003, had recommended 14 proposals for grant of Industrial License and/or amendments in existing ones. The main sectors/areas of the approvals include textiles, food products and pharmaceuticals.

The detailed list of approved cases is available on the website of the Department of Industrial Policy & Promotion viz., http://dipp.nic.in.